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Renegade 13 said:
considering that prices are so much worse in most other countries.
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It's not worse, it's more representative of the actual price of oil. The US has been able to have lower gas prices because of it's own supplies, but as mentioned earlier the American oil companies are having a field day playing with those in order to rake in more profits and pointing the fingers at "Acts of God."
As for ethanol, I agree, it's not a long-term alternative. I believe the basic chemistry is that you put in just about what you get out of Ethanol making it not a wise choice for fuel. Hydrogen is a likely long term solution but people have to be willing to settle for a different type of fuel economy. To get the standard 300 mile per tank a Hydrogen car would have to be under extremely high pressure or be almost as large as the car itself. The other problem is finding a decent source as electrolysis of water takes too much energy to be efficient.